Business
Naira slumps further against Dollar at parallel market
The naira depreciated at the parallel forex market where forex is sold unofficially, the exchange rate quoted at N1340/$1 as against the N1325/$1it closed the previous day, representing a loss of N15 while peer-to-peer traders quoted around N1358.53/$1.
The naira closed flat against the British Pound to close at N1,660/£1 same as the previous trading day.
The Canadian dollar also closed flat at N990/CA$1, after more than one week of trading steadily at N980/CA$1
READ ALSO: Naira slump continues, closes at N931.23 /$1 at official market
The naira shed N70 against the Euro to depreciate to ₦1,450/€1 as against the previous closing price of ₦1,385/€1 it traded the previous trading day.
Meanwhile, the local currency appreciated to close at N902.08/$1 represents a gain of N29.15 gain in the local currency compared to the N931.23 closed on Wednesday January 17, 2024.
The intraday high recorded was N1261/$1, while the intraday low was N760/$1, representing a wide spread of N501/$1.
-
Sports2 days agoSenegal opens Dakar 2026 Youth Olympic Games, Africa’s first Olympic event
-
Latest5 days agoTinubu endorses Nigeria’s participation in 2026 World Travel Market London
-
Latest1 week agoPastor Chris to lead special family prayers as Healing Streams grand finale holds today
-
News7 days agoRugby: Borthwick Faces Key Selection Questions as World Cup Looms
-
Football3 days agoU-17 Women’s World Cup: Flamingos Beat Mexico to Reach Quarter-Finals
-
Crime7 days agoPassengers feared abducted on Kebbi-Abuja journey as viral video shows armed men threatening captives (VIDEO)
-
Featured1 week agoKaduna APC rally sparks row over turnout, alleged rented crowd and AI disinformation
-
Featured4 days agoHow court ruling reshapes APC’s Imo West Senatorial contest